Revenue & Mix
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Where does Tesla's revenue come from now?
It depends on the line of business. As of Q2 2026, automotive revenue was 20.516 $B and energy revenue was 3.139 $B. No later quarter is in those series. The files do not state one mix percentage that covers every line. The category note below is the Q2 2026 commentary.
Figures
- Automotive revenue: 20.516 $B (Q2'26)Source: Tesla IRAs of Q2 2026
- Energy revenue: 3.139 $B (Q2'26)Source: Tesla IRAs of Q2 2026
Automotive revenue from Tesla IR. Latest point 20.516 $B, as of Q2 2026.
Unit: $B. As of Q2 2026. Source linked under the table.
| Period | Value ($B) |
|---|---|
| Q2'25 | 16.661 |
| Q3'25 | 21.205 |
| Q4'25 | 17.693 |
| Q1'26 | 16.234 |
| Q2'26 | 20.516 |
Energy revenue from Tesla IR. Latest point 3.139 $B, as of Q2 2026.
Unit: $B. As of Q2 2026. Source linked under the table.
| Period | Value ($B) |
|---|---|
| Q2'25 | 2.789 |
| Q3'25 | 3.415 |
| Q4'25 | 3.837 |
| Q1'26 | 2.408 |
| Q2'26 | 3.139 |
| As written in the note |
|---|
| Services & Other rose to about $4.6 billion in 2026 Q2, while its share of total revenue reached 15.5% |
| last-twelve-month regulatory-credit revenue fell from about $2.9 billion in 2025 Q1 to $1.49 billion in 2026 Q2 |
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What does the latest category note say?
This is the Revenue & Mix note for Q2 2026, as of Q2 2026. It is quoted from the conclusions file. It is not a later quarter.
Q2 2026 note
Tesla's revenue mix is becoming more diversified in a way that is starting to improve the quality of its business: Services & Other is growing and becoming profitable while regulatory-credit revenue is receding. Services & Other rose to about $4.6 billion in 2026 Q2, while its share of total revenue reached 15.5% (charts 96 and 5). Its gross margin reached 14.1% and cumulative gross margin ended at approximately $1.50 billion (charts 98 and 97). Over the same period, last-twelve-month regulatory-credit revenue fell from about $2.9 billion in 2025 Q1 to $1.49 billion in 2026 Q2 (chart 72), while FSD subscription revenue rose from $238 million in 2024 Q4 to $440 million in 2026 Q2 (chart 75). The point is not simply that Services & Other is larger. Its higher margin and positive cumulative gross margin show that this growing share is now adding profit, while falling credit revenue means the broader mix is relying less on a volatile, externally determined revenue source.
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FAQ
The figures above are copied from the named series or from the category note. A missing series is marked TODO. Members keep the full interactive history.
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What is still missing from this page?
These items are marked TODO because the source files do not include them. Nothing here is filled with an estimate. TODO: publish this category's deck chart images. Those images are served only to members, so this page draws the public series it has. TODO: add Q3 2026 revenue after the shareholder update is in the metric series. These series stop at Q2 2026.
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